3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 6SG, £260,000

Spitalfield Lane, Chichester, West Sussex, PO19 6SG - 2 views - a month ago

Auction
Refurb/BRRR
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£250K - £610K
Sold Prices/m²£1.7K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£267,800
BMV3%

 

 

End Value (After Refurb)

£381,176

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£43,147

Bridging Loan Interest

£6,825

Total Cash In

£131,422

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£381,176

Agent Fees (1%)

£3,812

Bridging Loan

£195,000

Bridging Loan Interest

£6,825

Flip Profit

£50,942

Local Sold Prices

50 sold prices from £250K to £610K, average is £365.8K. £1.7K/m² to £7.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£355K06/210.1 mi32, Bishopsgate Walk, Chichester, West Sussex PO19 6FG3
£440K10/200.12 mi22, Turnbull Road, Chichester, West Sussex PO19 7LY3
£400K09/230.15 mi51, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ3
£268.5K03/210.15 mi44, Adelaide Road, Chichester, West Sussex PO19 7NF3
£319.9K01/240.16 mi68, Adelaide Road, Chichester, West Sussex PO19 7NQ3
£315K06/210.17 mi32, Lewis Road, Chichester, West Sussex PO19 7LZ3
£295K06/210.18 mi29, Lewis Road, Chichester, West Sussex PO19 7LZ3
£515K09/230.18 mi1, Lewis Road, Chichester, West Sussex PO19 7LZ3
£350K04/230.18 mi19, Harvester Close, Chichester, West Sussex PO19 6XF3
£375K02/230.18 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.18 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£357K12/220.18 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.18 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.18 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£395K11/200.2 mi20, Alexandra Road, Chichester, West Sussex PO19 7LX3
£290K02/210.2 mi121, Spitalfield Lane, Chichester, West Sussex PO19 6XE3
£572.5K06/210.21 mi9, New Park Road, Chichester, West Sussex PO19 7XH3
£400K03/210.25 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£330K03/240.27 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.27 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£360K05/210.29 mi101, Baxendale Road, Chichester, West Sussex PO19 6US3
£330K05/230.29 mi71, Baxendale Road, Chichester, West Sussex PO19 6US3
£340K05/240.29 mi77, Baxendale Road, Chichester, West Sussex PO19 6US3
£302K04/210.31 mi26, Bostock Road, Chichester, West Sussex PO19 6UH3
£610K09/220.31 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£495K06/210.32 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£425K06/210.34 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£340K10/230.35 mi51, Swanfield Drive, Chichester, West Sussex PO19 6GL3
£380K02/210.35 mi93, St James Road, Chichester, West Sussex PO19 7HR3
£460K11/230.35 mi81, St James Road, Chichester, West Sussex PO19 7HR3
£315K06/230.37 mi42, Barnfield Drive, Chichester, West Sussex PO19 6UT3
£310K07/230.39 mi38, St James Road, Chichester, West Sussex PO19 7HT3
£430K11/220.39 mi36, St James Road, Chichester, West Sussex PO19 7HT3
£455K10/230.41 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£250K04/240.43 mi27, St James Road, Chichester, West Sussex PO19 7HS3
£407.5K12/200.44 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£470K11/210.44 mi21, Oving Road, Chichester, West Sussex PO19 7EH3
£495K11/220.44 mi59, Oving Road, Chichester, West Sussex PO19 7EN3
£310K06/210.44 mi22, The Pitcroft, Chichester, West Sussex PO19 6XB3
£429.9K06/210.45 mi30, Oving Road, Chichester, West Sussex PO19 7EN3
£455K12/230.45 mi1, Kidd Road, Chichester, West Sussex PO19 6YF3
£453K03/210.45 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£415K08/230.45 mi36, Peacock Close, Chichester, West Sussex PO19 6YD3
£485K04/230.45 mi20, Peacock Close, Chichester, West Sussex PO19 6YD3
£350K06/210.46 mi30, Peacock Close, Chichester, West Sussex PO19 6YD3
£361.5K07/230.46 mi23, Somerstown, Chichester, West Sussex PO19 6AG3
£500K04/230.46 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£320K05/210.47 mi11, Carse Road, Chichester, West Sussex PO19 6YG3
£275K02/210.47 mi193, Orchard Street, Chichester, West Sussex PO19 1DJ3
£370K10/220.48 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3

Local Rents

40 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50006/240.05 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,59506/240.1 miSpitalfield Lane, Chichester, PO193
£1,45006/240.15 miBishopsgate Walk, Chichester3
£1,35006/240.18 miHarvester Close, Chichester3
£1,40008/240.18 miLime Close, Chichester3
£1,67507/240.27 miBaxendale Road, Chichester PO193
£1,85007/240.29 miFranklin Place Chichester PO193
£1,60007/240.32 miBradshaw Road, Chichester, PO193
£1,79507/240.32 miGreen Lane Chichester PO193
£2,40009/240.32 miEast Walls Close, Chichester3
£2,10007/240.33 miSt Pancras, Chichester3
£1,45006/240.34 miArmadale Road, Chichester, PO193
£1,59507/240.37 miBishops Courtyard3
£1,59506/240.38 miRussell Street, Chichester, West Sussex, PO193
£1,27506/240.38 miBroyle Road, Chichester3
£1,45008/240.39 miSt Peters, Chichester3
£1,15006/240.39 miVelyn Avenue, Chichester3
£1,60007/240.4 miBroyle Road, Chichester3
£1,60006/240.41 miJoseph Lancaster Lane Keepers Green PO193
£1,50008/240.42 miPalmers Field Avenue, Chichester, West Sussex, PO193
£1,35011/240.43 mi-3
£1,50007/240.46 miSomerstown, Chichester3
£1,50007/240.46 miSomerstown, Chichester3
£1,45007/240.46 miSomerstown, Chichester, West Sussex3
£1,65006/240.47 miNorth Street, Chichester3
£1,45008/240.48 miKing George Gardens, Chichester3
£1,75010/240.51 mi-3
£1,49506/240.52 mi-3
£1,49508/240.52 mi-3
£1,35008/240.53 miOrmonde Avenue, Chichester, West Sussex3
£1,70007/240.53 miCentral Chichester3
£1,95008/240.54 mi3 bedroom Terraced House in Chichester3
£1,45006/240.54 miOving Terrace, Chichester3
£1,40006/240.56 miCavendish Street, Chichester3
£1,65007/240.56 miCavendish Street, Chichester3
£1,40007/240.56 miCavendish Street, Chichester3
£1,45007/240.57 miOrchard Street Chichester PO193
£1,35007/240.58 miLittle Breach, Chichester3
£1,35006/240.59 miLittle Breach, Chichester3
£1,50008/240.62 miLake Road, Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.56 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £260,000

March 25, 2025

Floor Plans

Description

  • For sale by traditional on-line auction +
  • Town cottage needing work +
  • Ideal investment +
  • 2 double, 1 single bedroom +
  • Carpeted loft room +
  • 2 separate reception rooms +
  • Kitchen and conservatory +
  • Bathroom +
  • Garden +

For sale through Jackson Stops Auctions, a three bedroom semi-detached cottage in need of some modernisation and repair. Believed to have originated in the late Victorian period the house has been let for many years, with a good track record of almost full occupancy. The house is now vacant.

There are three bedrooms, one of which has been formed to allow a first floor bathroom, and there is a door concealing a staircase to a spacious loft room, with Velux window, light and power and carpeting.

The ground floor comprises a separate sitting room and dining room, with a kitchen and conservatory to the rear opening onto the manageable garden.

For Sale Via Jackson-Stops Online Auction powered by Bamboo Auctions.
Auction end date and time: 30th April 12.00

The auction will be exclusively available online via our website including the legal pack information.

The registration process is extremely simple and free. Please visit the Jackson-Stops website, and click on Services and then 'J-S auction' tab
A 'register' button can be found on this page or by clicking into the individual listing.

Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the 'dashboard' button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!

No deposit monies are required before you bid.

Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.

A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.

Some Vendors may consider offers prior to the auction. These offers can only be submitted via Jackson-Stops and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.

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Agent Details

Jackson-Stops, Chichester

01243 217440

Next Steps?

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